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Turnbull’s agenda: universities get funding cuts, banks get tax cuts

Media Release
Sarah Hanson-Young 14 Jun 2018

The ABC’s FOI reported today shows South Australia’s universities are facing more than $250m in Turnbull’s cuts.

"University of South Australia is one of the state’s biggest employers, and it’s losing $83m," Australian Greens education spokesperson Senator Sarah Hanson-Young said.

"Flinders University is losing a tenth of its funding, while the University of Adelaide is worse off by $53m.

"These are savage cuts to our centres of excellence.

"And they aren’t just cuts to universities. They’re cuts to innovation, to research, to jobs and to the state economy.

"The unemployment rate is twice as high for people without a university qualification than for people with one. Cuts to university places are a false economy. They push people on Newstart, and people into poverty.

"Right around the country, Malcolm Turnbull is cutting $2 billion out of universities. He’s done it without a vote in the Parliament and without a mandate from the public.

"It’s the exact opposite way we should be going. We should be proud to invest more in universities, because they’re the engine rooms of the economy of the future.

"We want our best and brightest to know that if they work hard in school, there will be a place for them at university. No matter where they live, no matter what their parents earn.

"These cuts send a different message. They push the dream of a university education further out of reach.

"We’re poorer for it.

"Next week, the Greens will vote to block the Government’s Higher Education Support Legislation Amendment (Student Loan Sustainability) Bill 2018 that tries to make students pay back their loan debts at a faster rate, at an earlier stage. It’s the latest attack on university students.They’re cutting university funding while they’re ramping up student debt payments. 

"This isn’t how you build a smart economy."

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